I didn’t want to write anything about that bullshit because it is unbelievable and a shame that this industry seems to be retarded and is not able to learn from mistakes from the past. But a few hours ago I read the story at 2+2 written by a sponsored professional player that lost a lot of money to say the least.
I’m feeling very sorry for all the people that experience problems caused by this bunch of crooks. But what really pisses me off is the following: It seems that every crook can run a pokerroom if he has some money. If you want to open a pokerroom the first the sales manager asks is how much money you have. I mean how dumb is that? Money is no factor if you’re able to run a successful poker business or not! Sure, if you can’t pay the setup fee and other costs you can go home. But everybody who asks to create a pokerroom should know what it costs and should already have the money to set it up. I like the example of a TV channel that could reach millions of potential poker players every day. I tried to work with them and wanted to setup a pokerroom. They were unsure if that really has potential because they had no clue about poker. So they were not ready to raise a couple of million. However, they wanted to push the room hard with media campaigns (worth a couple of million). But none of the potential networks was ready to talk about it in detail. “If you don’t have 0,5 million we don’t need to talk about it!”
Here’s what I think about this situation. They are not interested in potential. Most of them just look at new costumers with a lot of money that have no clue and pay for any stupid service there is. A known disastrous room from Austria bought additional German support for 4000 Euro each month because they had no clue about anything. That’s a cool costumer isn’t it?
This isn’t that bad. But what is definitely a disaster is the fact that some networks let the room manage payments and player bankrolls. That’s a huge no go in my opinion and will always cause problems. I mean how attractive is it to take costumers their bankrolls? Way easier money than trying to market a room and earn 5 % on MGR generated (in fact most rooms don’t earn more than that…).
From an affiliate perspective I would not promote any room where player and affiliate bankrolls are not managed trustworthy enough. That means that some publicly traded company has to be responsible for that stuff. But not a bunch of crooks!
Just my 2 cents.
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